X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Solstice II Rendering credit: SK+I Architecture

➤➤ Join the GlobeSt.APARTMENTS (formerly RealShare) conference October 29-30 in Los Angeles. The event will analyze the opportunity in the emerging trends and conditions of the multifamily market. Don’t miss out on joining the 1000+ of the industry’s top owners, investors, developers, brokers and financiers as they gather for THE MULTIFAMILY EVENT OF THE YEAR! Click here to register and view the agenda.


WASHINGTON, DC—The District of Columbia Housing Finance Agency (DCHFA) has issued $18.6 million in bond financing and underwrote $12.5 million in low income housing tax credit equity for the construction of The Solstice II. The apartment project is located at 3500 East Capitol Street NE.

This is the third development the agency has funded in Ward 7. On July 28, 2019, Mayor Bowser broke ground on 179 units of affordable housing to be constructed in Ward 7 at Providence Place Apartments and The Strand Residences, for which the agency issued nearly $40 million in construction financing.

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

More from this author

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.